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Fly News Breaks for April 27, 2017
ALSN
Apr 27, 2017 | 06:08 EDT
Piper Jaffray analyst Alexander Potter recommends using today's post-earnings rally in shares of Allison Transmission as a selling opportunity. The strength in the quarter reflects a cyclical recovery in off-highway demand, Potter tells investors in a research note. He thinks the cycle represents Allison's "last hurrah" and expects electric vehicle penetration to begin pressuring revenue in the coming years. Potter keeps an Underweight rating on the shares with a $30 price target.
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